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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore MAS 12-Week Bill Auction climbed to 1.56% in July 2026
FMPMonthlyReleased July 2026
Singapore MAS 12-Week Bill Auction climbed to 1.56% in July 2026, up 0.08% from June's 1.48% reading.
Latest Release
1.560000
Actual
—
Consensus
1.480000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
MAS 12-Week Bill Auction (Singapore) was reported at 1.56% in July 2026. The reading rose from the previous value of 1.48%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.44%, ranging from 1.31% to 1.7% across 46 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.5%, up from the prior three at 1.45%. Volatility over the past year (σ 0.09%) is lower than the prior year (σ 0.53%). In July readings over the past 3 years, MAS 12-Week Bill Auction has averaged 2.06%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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MAS 12-Week Bill Auction - SG
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About MAS 12-Week Bill Auction — Singapore
DEFINITION
The MAS 12-Week Bill Auction is a financial indicator used by investors and analysts to track the short-term borrowing costs of the Singapore government. This auction is held every 12 weeks and involves the issuance of 12-week Treasury Bills, which are considered low-risk investments. The results of this auction can provide insights into the current market demand for Singaporean debt and can impact interest rates and overall market sentiment. This indicator is closely monitored by financial professionals as it can provide valuable information about the strength and stability of the Singaporean economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 1.56 %. Prior reading (Jul 2026): 1.48 %. Before that (Jul 2026): 1.47 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - SG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 931.4 | 917.7 | 884.1 | 907.75 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 2 | 2.1 | 2.05 | Low |
| 05:00 | SG | Business Confidence | 12 | 17 | 5 | 8.50 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:00 | SG | SIPMM Manufacturing PMI | 51.3 | 51.5 | 51.50 | Low | |